The Walt Disney Company (NYSE:DIS) Shares Acquired by Royal Fund Management LLC

Royal Fund Management LLC grew its position in The Walt Disney Company (NYSE:DIS) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,880 shares of the entertainment giant’s stock after purchasing an additional 113 shares during the period. Royal Fund Management LLC’s holdings in Walt Disney were worth $441,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DIS. Trian Fund Management L.P. boosted its stake in shares of Walt Disney by 411.6% in the third quarter. Trian Fund Management L.P. now owns 32,868,307 shares of the entertainment giant’s stock worth $2,663,976,000 after buying an additional 26,443,257 shares during the last quarter. First Eagle Investment Management LLC purchased a new stake in shares of Walt Disney in the third quarter worth about $326,171,000. International Assets Investment Management LLC boosted its stake in shares of Walt Disney by 8,681.3% in the fourth quarter. International Assets Investment Management LLC now owns 3,349,709 shares of the entertainment giant’s stock worth $302,445,000 after buying an additional 3,311,563 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of Walt Disney by 21.0% in the third quarter. Loomis Sayles & Co. L P now owns 14,416,343 shares of the entertainment giant’s stock worth $1,168,444,000 after buying an additional 2,505,486 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Walt Disney by 10.6% in the third quarter. Northern Trust Corp now owns 24,859,476 shares of the entertainment giant’s stock worth $2,014,861,000 after buying an additional 2,384,407 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Walt Disney

In other news, EVP Sonia L. Coleman sold 1,857 shares of Walt Disney stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by corporate insiders.

Walt Disney Stock Up 0.9 %

NYSE DIS traded up $1.04 during trading on Friday, reaching $113.66. 7,411,112 shares of the company’s stock were exchanged, compared to its average volume of 7,776,801. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The stock has a market cap of $208.49 billion, a P/E ratio of 70.16, a price-to-earnings-growth ratio of 1.38 and a beta of 1.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.77 and a current ratio of 0.84. The company has a 50 day moving average price of $114.50 and a two-hundred day moving average price of $100.60.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.25. Walt Disney had a return on equity of 7.88% and a net margin of 3.36%. The firm had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $23.71 billion. During the same period in the prior year, the company posted $0.99 earnings per share. The firm’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities research analysts anticipate that The Walt Disney Company will post 4.67 EPS for the current fiscal year.

Walt Disney Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 8th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a yield of 0.5%. Walt Disney’s dividend payout ratio is currently 55.56%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DIS shares. Raymond James increased their price target on Walt Disney from $112.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Evercore ISI increased their price target on Walt Disney from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Guggenheim increased their price target on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Daiwa Capital Markets reiterated a “buy” rating and set a $133.00 price target on shares of Walt Disney in a research report on Monday, April 1st. Finally, Wells Fargo & Company increased their price target on Walt Disney from $128.00 to $141.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $125.08.

Walt Disney Profile

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.